New York State also provides a major tax benefit to land owners. The Conservation Easement Tax Credit offers taxpayers whose land is restricted by a conservation easement an annual New York State income tax credit of up to 25% of the school, county, and town real estate taxes paid on the restricted land, up to an annual maximum of $5,000 per taxpayer. This credit is claimed when the landowner files their NY income tax return.

TO READ MORE ABOUT NEW YORK'S CONSERVATION EASEMENT TAX CREDIT CLICK HERE FOR PDF.

Click here to view Federal Tax Benefits

Click here to view Estate Tax Benefits

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